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to tackle the impending fiscal cliff but the president and the speaker of the house john boehner each drawing lines that they say they will not cross. the major hurdles, that threat to send the economy into a tailspin, that's coming up next. >>> plus a nascar race turning into a full-scale brawl. look at this. mayhem breaking out of the everybody going at it. we'll tell you what set it off. after this. ve lately. but because of business people like you, things are beginning to get rolling. and regions is here to help. making it easier with the expertise and service to keep those wheels turning. from business loans to cash management, we want to be your partner moving forward. so switch to regions. and let's get going. together. jenna: well come back, everyone. now let's return to the economy. the president and house speaker john boehner are suggesting they are willing to compromise to prevent our economy from going over that so-called fiscal cliff but both sides are digging in their heels whether or not to race tax rates for the wealthy. rich edson of the fox business network watching
of those things need to be in play. when john boehner talks about raising revenue he's willing to do that if it only comes in the form of tax reform, not raising tax rates, but actually lore erring tax rates, closing loopholes, broadening the base and you will get more money coming into the treasury. the other part of the equation that is so important which has not been part of the public conversation is cutting spending, not just slowing the rate of growth but actually cutting spending to try to get this deficit under control. i know the republicans don't control the narrative on this but i want to hear more from them on that side of the equation. jon: julie our nodding your head you must agree. >> i think both sides need to come to the table. enough already with these sort of, you know, showmanship, game man ship, these are people's lives that are at stake in this economy. monica is right in that the president does control the upper hand at this point. if nothing is done all the bush tax rates will expire. you have exit polling coming out of the recent election saying two-thirds of
boehner has a big task ahead of him. can the house speaker pull the gop together and try to make a deal with the president on the fiscal cliff as jay leno was talking about. should he? should a deal be made? a fair and balanced debate is coming up. lots of talk how the united states will eventually be world's top oil producer. that is what some say. there are questions why it is taking so long. those stories and breaking news all "happening now." jenna: well, it is a little unbelievable, but there is lot of twists and turns in this scandal we've been following so closely surrounding former cia chief and now others. hi, everybody. glad to have you with us. i'm jenna lee. rick: happy tuesday. i'm rick folbaum in for jon. controversy over the timeline of events over the petraeus investigation with members of congress wanting to know why the fbi didn't notify them and the white house until just recently when it began months ago. that investigation far from over. fbi searching the home of petraeus's alleged mistress, paula broadwell. after david petraeus resigned his post as america's top sp
as the middle class does not get hurt. house speaker john boehner seems optimistic about these negotiations. >> we can all imagine a scenario where we go off the fiscal cliff. if, if despite the election, if despite the dangers of going over the fiscal cliff and what that means for our economy that there's too much stubbornness in congress that we can't even agree on giving middle class family as tax cut, then, middle class families will all end up having a big tax hike. >> there are no barriers here to sitting down and beginning to work through this process. i don't think anyone on either side of the aisle underestimates the difficulty that faces us. but i do think that the spirit of cooperation that you have seen over the last week from myself and my team, from democrats across the aisle, from the president, have created an atmosphere where i think that, i'm, remain optimistic. i was born with a glass half-full. if i hadn't been i sure wouldn't be here. jon: so let's get to it. how close are we to the edge of that fiscal cliff? marjorie clifton, a former consultant to the obama campaign a
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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